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 Country Heights Grower Scheme (CHGS), anyone heard before?

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FALSEALIAS
post Feb 7 2013, 09:03 PM

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?!!!

WTH IS WRONG WITH EVERYBODY?

WHY THE PREMATURE VICTORY CELEBRATIONS?

ALL WE HAVE CURRENTLY IS A BUNCH OF WORDS THAT IS NOT ADMISSIBLE OR ENFORCEABLE IN COURT.

WITH NOTHING IN BLACK & WHITE - THIS IS JUST A WHOLE LOT OF RUBBISH TO SWAY VOTING DECISION.

THE PAPER MAY HAVE EVEN MISQUOTED HIM... THATS EXACTLY WHY PAPERS FREQUENTLY ISSUE RETRACTIONS!

LKY'S 'PERSONAL GUARANTEE' MEANS LESS THAN TOILET PAPER... I REMEMBER ANOTHER PERSONAL GUARANTEE TOO > 'INVEST IN CERTAINTY'... HOW DID THAT TURN OUT?

MAKE NO MISTAKE - LKY'S WORDS ARE USELESS IF NOT LEGALLY BINDING IN BLACK OR WHITE OR EVEN REALISTICALLY ENFORCEABLE (MEANING, WHAT HAPPENS IF HE DIES? OR DECLARES BANKRUPTCY? OR ABSCONDS TO A DIFF COUNTRY?OR IS FIRED/RETIRES/DECLARED INSANE/UNFIT TO CARRY OUT DUTIES... OR A THOUSAND OTHER LOOPHOLES THAT MAY MYSTERIOUSLY APPEAR LIKE THE PREVIOUS RAMPAGING ELEPHANTS, TEMPESTUOUS WEATHER, SUDDEN MAGICAL TERRAIN SHIFTS, ETC)

...HAVE WE NOT HAD ENOUGH OF HIS BULLSHIT?

WHY DID HE SUDDENLY DECIDE TO OFFER 'RM25 million' AND 'I will ensure that the growers will be compensated within six months instead of the two year timeline stipulated in the circular.'?

IF HE TRULY MEANT 'out of goodwill' > BOTH THE ABOVE WOULD/SHOULD HAVE BEEN IN THE VERY INITIAL AGM LETTER!!!

SO, WHY THE SUDDEN LARGESSE IN THE LAST MINUTE?

...SIMPLY COZ HE WAS CALLED ON HIS BULLSHIT SHODDY BULLYING UNDERHANDED TACTICS & KNOWS THAT THERE'S NO WAY HE'S GONNA GET MAJORITY NOW - SO BETTER CHANGE TACTIC & GIVE BS NON-ENFORCEABLE VERBAL ASSURANCES & TRY TO PERSUADE FOOLS TO BITE THE BAIT SO HE CAN GET THE VOTES.

HAS ANYONE EVEN CALCULATED WHETHER 'RM25 million' IS ENOUGH TO COVER THE 12% DIVIDEND FOR ALL GROWERS? PLEASE DO SO & POST UR FINDINGS HERE.

BOTTOMLINE:

VOTING AGAINST VT ONLY STRENGTHENS OUR ABILITY TO GET OUR 12% DIVIDEND & ROC WITHIN 6 MONTHS, AS WE'LL BE THE ONES HOLDING THE POWER & CAN DICTATE THE VT TERMS (WHICH LKY HAS ALREADY SO-CALLED AGREED TO BASED ON THE ARTICLE - MEANING ITS A SLAM DUNK FOR US ANYWAY... WITH THE DIFFERENCE BEING WE STILL RETAIN THE POWER IN CASE HE TRIES ANYTHING IN THE LAST MINUTE). SO, VOTING AGAINST VT IS INSURANCE FOR US TO ENSURE LKY COMPLIES & FULFILS WHAT HE SAYS IN THE ARTICLE - BECAUSE WE'RE THE ONES IN CONTROL!

VOTING FOR VT ONLY WEAKENS OUR POSSIBILITY TO GET WHAT WE WANT AS (CURRENTLY) IT'S ONLY MERE WORDS BY LKY & NOTHING IS LEGALLY BINDING. HE CAN JUST AS EASILY RELEASE A PRESS STATEMENT LATER SAYING, "I CHANGED MY MIND. TOO BAD. HAPPY CNY"... AND THERE'S NOTHING WHICH CAN BE DONE AS WE HAVE GIVEN AWAY OUR ONE AND ONLY (ALL POWERFUL!) BARGAINING CHIP. CHGS WOULD THEN HOLD THE ENTIRE POWER - & WE'D HAVE NO INSURANCE AGAINST THEM TO ENSURE COMPLIANCE... & LETS NOT FORGET THEIR HORRIFIC RECENT TRACK RECORD OF NOT HONOURING THEIR WORD/TRYING TO TAKE ADVANTAGE OF US... NEED I SAY MORE?

LOOK, IF LKY REALLY MEANT TO GIVE US 12% & A FULL ROC WITHIN 6 MONTHS - ALL HE HAD TO DO WAS CALL OFF THE AGM TOMORROW, REWRITE THE TERMS OF THE VT TO INCLUDE THE LATEST 2 AMENDED PROVISOS, GIVE US OUR 21 DAYS AGM NOTICE & THEN PROCEED TO HAVE A VOTE UNDER THE NEW VT TERMS.... DID HE DO THAT.... NO!

END OF THE DAY, YOU MAKE YOUR OWN DECISIONS & YOU LIVE WITH THE CONSEQUENCES.
FALSEALIAS
post Feb 7 2013, 10:05 PM

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QUOTE(hyh78 @ Feb 7 2013, 09:08 PM)
I worried later some joker not happy with the latest counter proposal...he go n request more...
ppl give them chicken wings, they want drumstick....sure got this kind of ppl...
hope for the best tomorrow....
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IF ANY JOKER WANNA DO SO - FEEL FREE.

.. JUST DUN EXPECT THE REST TO SECOND U.

REALLY NO TIME FOR CHILDISH GAMES.

GET THE 12% & FULL CAPITAL IN 6 MONTHS, THEN GET OUT.

U WANNA TRY UR LUCK - GO SEE LKY PERSONALLY. ALONE.
FALSEALIAS
post Feb 8 2013, 05:37 PM

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QUOTE(Rubberban @ Feb 8 2013, 12:25 AM)
Bro, can you please cool down? Be practical please, when u vote AGAINST, what will happen? what control did u get? the trustee will involved in and NOBODY knows what will happen, u face the possibility of not getting ur initial invested money also.

Tan Sri already made his statement on the newspapers/media, i bet he as the tycoon and one of the leader in property, he would not gamble his reputation like that, obviously everyone will chase after him if he did not fulfill his promise.

So, why dont we be practical a bit? just get back the dividend last year and the full refund within 6-month, whether u still believe in him or not, that is another story, getting back the cash on hand is the most important thing.

One more thing, u thought calling off an AGM is so easy? those people traveled from penang or even sabah, r u going to compensate them?
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Tan Sri already made his statement on the newspapers/media, i bet he as the tycoon and one of the leader in property, he would not gamble his reputation like that, obviously everyone will chase after him if he did not fulfill his promise. >IN CASE U DIDNT NOTICE - HIS REPUTATION IS ALREADY LIKE USED TOILET PAPER. ALSO, I DONT CARE TO CHASE ANYBODY - I ONLY CARE ABOUT ENFORCEABLE PROTOCOL & THE LEGAL ASPECT. THATS IT. WORDS DUN MEAN A DAMM.

So, why dont we be practical a bit? just get back the dividend last year and the full refund within 6-month, whether u still believe in him or not, that is another story, getting back the cash on hand is the most important thing. > ??? WHAT IS IT U THINK I'VE BEEN TRYING TO DO, BRO?

One more thing, u thought calling off an AGM is so easy? those people traveled from penang or even sabah, r u going to compensate them? > AHEM. PROXY... COST: POSTAGE CHARGES.


FALSEALIAS
post Feb 8 2013, 05:48 PM

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QUOTE(Denniston @ Feb 8 2013, 05:11 PM)
The meeting was conducted in a civil manner. There wasn't any disorder, even though some growers were emotional.
However, LKY was rather long-winded about a lot of unsubstantiated "facts" and more interested in putting on a show to convince growers. Consequently, he had declared the following:
1) He will personally commit to RM25 million to pay for this year's yield;
2) 10% of capital to be returned to growers within a month;
3) Remaining 90% to be returned within 6 months.
His lawyer explained that his declaration is a verbal offer and is contract binding, substantiated by the Trustee which stated that these revised conditions have been recorded in the minutes. A vote for VT would be an acceptance of those terms.
A motion was proposed to adjourn the meeting for the growers and proxies to consider the legal ramifications of the offer and have it recorded as a formal condition. However, LKY rejected that motion, and the Trustee claimed that this was not permitted under Companies Act (verification required).
At this point, quite a few growers had already made up their minds and began submitting their votes in the ballot boxes and left the meeting.

Attached is a photo of the number of growers who showed up.
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A motion was proposed to adjourn the meeting for the growers and proxies to consider the legal ramifications of the offer and have it recorded as a formal condition. However, LKY rejected that motion, and the Trustee claimed that this was not permitted under Companies Act (verification required). > ACTUALLY, SHE WASNT SURE HERSELF (?!) & STATED THAT, "GM CAN ONLY BE ADJOURNED BEFORE THE MEETING COMMENCES..."

IF THE EXPERTS WHO ARE THERE TO FACILITATE ARE NOT TRUE EXPERTS & BLUR ABOUT PROTOCOL THEMSELVES - WHO IS IT WE ARE SUPPOSED TO DEFER TO?

PERSONALLY, THE GM & ITS RESULTS CAN MOST DEF BE NULLED & AS THE CALL FOR ADJOURNMENT WAS HEARD & SECONDED - IF THERE IS A PROVISO TO DO SO.


FALSEALIAS
post Feb 8 2013, 05:55 PM

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THE GM WAS A HUGE, IRRITATING CLUSTERFU*K OF EPIC PROPORTIONS.

IT WOULD HAVE BEEN LAUGHABLE IF IT WASNT SO SERIOUS IN ITS IMPACT.

ATROCIOUS AMOUNT OF PROTOCOLS & VOTING PROCEDURES WERE BROKEN!

I'M BLOODY DISGUSTED ABOUT THE WHOLE THING.
FALSEALIAS
post Feb 8 2013, 06:48 PM

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QUOTE(mkhor7 @ Feb 8 2013, 06:34 PM)
Hope someone will post videos on YouTube and links here.

Thanks to the many brave people at the tough meeting and giving up a day of their life to attend and sit through.... rclxms.gif  flex.gif
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Thanks to the many brave people at the tough meeting and giving up a day of their life to attend and sit through.... > LIKEWISE, SIR, FOR YOUR EFFORTS IN RALLYING GROWERS, THE MEDIA & MSWG.

SALUD.

FALSEALIAS
post Feb 8 2013, 06:57 PM

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QUOTE(FALSEALIAS @ Feb 8 2013, 06:48 PM)
Thanks to the many brave people at the tough meeting and giving up a day of their life to attend and sit through....  > LIKEWISE, SIR, FOR YOUR EFFORTS IN RALLYING GROWERS, THE MEDIA & MSWG.

SALUD.

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ALSO, CHEERS TO RITA BUSHON & ALL MSWG STAFFERS.

YOUR INVALUABLE EFFORTS WERE & ARE MOST APPRECIATED & THE DEFINITE DECIDING FACTOR FOR THE NEW TERMS.

THX FOR STANDING UP FOR THE LIL GUYS!

ALSO, A SHOUT OUT TO MY FORMER COLLEAGUES IN THE LOCAL DAILIES FOR YOUR TIMELY REPORTS & MEDIA EXPOSURE OF EVENTS. THE RESULTING EXPOSURE & PUBLIC SHAMING THAT FOLLOWED GAVE US GREAT LEVERAGE.



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